Practice areas:
Antitrust
Aviation
Business & Commercial
Construction
Consumer Fraud
Elder Abuse
Employment / Wage and Hour
Environmental and Toxic
First Amendment
Injury and Wrongful Death
Insurance
Intellectual Property
Product Liability
Qui Tam
Securities
 

Corporate Fraud / Securities Cases

In addition to fraud against the government, CP&M has been contacted by people with information regarding corporate fraud. This information can be vitally important in revealing and prosecuting wrongdoers. Such fraud could include illegal insider trading, misuse of corporate funds, accounting irregularities and false or misleading corporate filings. If you are aware of corporate fraud, you may contact us at TAKE ACTION to explore your legal rights and to help disclose and stop individual and corporate wrongdoing.

Securities Fraud / Individuals and Public Entities

Numerous individuals and public entities have contacted CP&M regarding various fraudulent Wall Street securities transactions. The firm has ongoing investigations into and has filed suits in connection with such companies as AOL Time Warner, Qwest, Homestore Inc., WorldCom and Enron, among others. For the past three decades, CP&M has been one of the preeminent securities litigation firms throughout the United States, returning money by way of settlements and jury verdicts to shareholders and pensions. If you believe you have been involved in a securities fraud, you may contact us at TAKE ACTION to explore your legal rights.

Examples of our securities litigation include:

In re American Continental Corp./Lincoln Sav. & Loan Securities Litigation
778 F.Supp. 484 (D. Ariz. 1991)
794 F.Supp. 1424 (D. Ariz. 1992)
Securities class action on behalf of shareholder and bondholder victims of Charles Keating, and related insurance coverage litigation, including lengthy jury trial. (Largest jury verdict against an individual defendant in American history -- $3.5 billion against Keating and others.)

Orange County Securities Litigation
Smith v. Merrill Lynch
Orange County Superior Court, No. 753411
Securities class action on behalf of the debt securities holders of Orange County and its investment pool participants. (Settled 1997)

Acclaim Securities Litigation
Campbell v. Petermeier, et al.
Alameda County Superior No. 760717-4
Campbell v. Acclaim Entertainment, Inc., et al.
No. 96 Civ. 5099 TCP (E.D.N.Y.)
Securities class action arising from stock swap merger. (Settled 1997)

In re Pilgrim Securities Litigation
Master File No. CV-94-8491 KN (C.D. Cal.)
Mutual fund fraud class action. (Settled 1997)

In re Oak Technologies Securities Litigation
Santa Clara County Superior No. CV958510
Securities class action for insider trading and abuse of control. (Appointed co-lead counsel, 1996)

In re HomeFed Securities Litigation
S.D. Cal. No. 90-799-T (CGA)
Represented bankrupt S&L as plaintiff in action against former S&L officers, directors and accountants for mismanagement and breach of fiduciary duty.

Giorgetti v. BankAmerica Corp.
San Francisco Superior No. 998949
Shareholder class action for failure to pay control premium in connection with merger.

Central Bank Litigation
Almeida v. Peat Marwick Mitchell & Co.
Alameda County Superior Court, Consolidated Master File No. 668436-9
Shareholder class actions. (Settled 1993)

Harmsen v. Smith
693 F.2d 932 (9th Cir. 1982)
586 F.2d 156 (9th Cir. 1978)
542 F.2d 496 (9th Cir. 1976)
Securities class action on behalf of shareholders of United States National Bank, San Diego, against C. Arnholt Smith and other officers, directors, and insiders. Multi-million dollar jury verdicts upheld on appeal. The first securities class action tried on both liability and damages to a jury.

In re Informix Derivative Litigation
Master File No. 401818
Smurthwaite v. White
San Mateo County Superior Court, No. 401818
Lead derivative counsel in consolidated shareholder derivative actions against corporate officers, directors and accountants relating to accounting fraud.

In re Sybase Derivative Litigation
Master File No. 793459-9
Krim v. Kertzman
Alameda County Superior Court, No. 793459-9
Lead derivative counsel in consolidated shareholder derivative actions against corporate officers and directors.

Bily v. Arthur Young & Co.
3 Cal.4th 370 (1992)
Professional negligence action on behalf of shareholder for materially misleading financial statements.

J. David Dominelli Litigation
Rogers & Wells v. Superior Court
175 Cal.App.3d 545 (1986)
Investor fraud litigation on behalf of hundreds of clients in San Diego County Superior Court, including lengthy jury trial.

Durrett v. McCabe
San Mateo County Case No. 406767
Derivative litigation by holder of American Depository Shares against officers and directors of CBT Group PLC for accounting fraud and insider trading.

California State Teachers’ Retirement System v. Qwest Communications
San Francisco Superior Court No. CV 415546
Shareholder action against Qwest for misrepresenting its financial well-being and artificially inflating its stock price in 2001. (Settled 2007).

California State Teachers’ Retirement System v. AOL Time Warner
Los Angeles Superior Court No. CGC-03-422609
Shareholder action against AOL for misrepresenting its financials and artificially inflating its stock price.

 


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